Q2 Cyber Threat Report: Ransomware Season Arrives Early

In a year of unprecedented challenges, the early arrival of Hurricane Beryl as a Category 5 storm in the Atlantic left scientists in awe. Such an event so early in the season is rare; a Category 5 hurricane that early is nearly unheard of. 

This parallels the climate within the realm of ransomware, where 2024 has seen a record surge in incidents. Just as ocean temperatures rise, the digital environment continues to heat up, with increasing security vulnerabilities and more sophisticated attackers. 

The forecast is clear—ransomware attacks are likely to continue their upward trajectory in both frequency and severity.

Key takeaways:

• Ransom leaksites recorded their second-highest quarter ever by volume of victims posted.

• Corvus observed a staggering 102% quarter-over-quarter increase in the average ransom demand.

• Corvus claims data revealed a 19% year-over-year increase in third-party breaches.

Don't miss this opportunity to stay ahead of the curve and fortify your organization's defenses against the rising tide of ransomware threats.